I am not a fan of Barack. I am not buying into the "change" crap. As we learn about the details of the "change" we are going to find where the dream and the reality meet.

One of the greatest aspects of the American Way is that we can choose to do anything or nothing.
Obama has proposed an auto-enrollment of a retirement savings program that the federal government will match funds. This sounds great on the surface but if you think about it, we can't force those who choose to not make smart decisions for the now and the future.

People have free will. The target income for this plan is lower income people/families. The reality (I speculate) is that this income range of wage earners have more pressing financial needs to meet. Not to mention, they don't pay as much tax as the middle class or the "wealthy". The reality will be that the low income earner will have even less take home pay.

The plan estimates $18.8 Billion a year from the federal budget. Wow. We tax payer will have to pay into social security AND the fed-401k?

Why not focus on providing some incentive to the business owner for employee participation with tax breaks. Those tax breaks will help them match their own 401k and give the business and employees a stake in the company.

This smells like textbook Democrat "spread the wealth" through taxation. Throughout history this has never worked.

I encourage the able-bodied employee to make the smart decision for their future and don't rely on the federal gub'ment to bail them out.

If your company offers a retirement plan, participate even if you have to start small. Over time as you grow financially, you can contribute more. This might mean that your family has to make sacrifices in the car you drive or the frequency of movies you see, but it is the smart thing to do.

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